2. Sarah is a newly recruited revenue manager of Rose hotel that is a 300-room family ownedhotel in Pasadena, California. She is the head of the reservation department with tworeservation staff members. She is also in charge of pricing, inventory allocation and otherbooking issues. It is important to calculate the anticipation of no-shows so that Sarah can decidenumber of overbookings to accept. If a hotel can estimate the most accurate number of no showand set its overbooking level at that number, it will be able to achieve the highest revenuepossible by making sure all the rooms go occupied.No-Shows012345TotalNumber of occurrences Probability61212159660Number of no-showa. A table above illustrates statistics of no-show occurrences last two months.i. How many numbers of overbooking order can Sara accept? Why?(Hint: please consider average number of no-shows).Average number of no-shows = Sum of (Number of no-shows guests X no-shows probability)Probabilityoccurencies of the number of no-show gueststotal number of days recorded4

The expectation of a discrete random variable X, denoted by E(X), is defined as a measure of central…

Answered: 2. Sarah is a newly recruited revenue…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Lotus Yoga Products has 10 operators, and the company works 8 hours a day (8 am to 5 pm with an hour break), 5 days a week. Company is manufacturing yoga pants and the standard minute value for a line to finish one pant=20 minutes. Company produces 178 pairs of pants a day. Calculate the output, in-put and productivity (first two answers in minutes and third as a percentage). What is the number of days to finish the order for 2500 pants (round to whole number) = Required capacity needed in hours /actual capacity per day in hours
To the Internal Revenue Service (IRS), the reasonableness of total itemized deductions depends on the taxpayer's adjusted gross income. Large deductions, which include charity and medical deductions, are more reasonable for taxpayers with larg given level of income, the chances of an IRS audit are increased. Data (in thousands of dollars) on adjusted gross income and the average or reasonable amount of itemized deductions follow. Adjusted Gross Income Itemized Deductions ($1,000s) 22 ($1,000) 9.6 27 9.6 32 10.1 48 11.1 65 13.5 85 120 15.7 25.5 (a) Develop a scatter diagram for these data with adjusted gross income as the independent variable. 30 25 20 15 10 5 30 25 20 15 10 5+ 30 25- 20- 15- 10- .. 5- 0 20 40 60 80 100 120 140 Adjusted Gross Income ($1,000s) 0 20 40 60 80 100 120 140 0 Adjusted Gross Income ($1,000s) 20 40 60 80 100 120 140 Adjusted Gross Income ($1,000s) 30 25 20 15 10 5- 0 20 40 60 80 100 Adjusted Gross Income ($1,000s) 120 140 G (b) Use the least squares method to…
To the Internal Revenue Service (IRS), the reasonableness of total itemized deductions depends on the taxpayer's adjusted gross income. Large deductions, which include charity and medical deductions, are more reasonable for taxpayers with large adjusted gross incomes. If a taxpayer claims larger th average itemized deductions for a given level of income, the chances of an IRS audit are increased. Data (in thousands of dollars) on adjusted gross income and the average or reasonable amount of itemized deductions follow. Adjusted Gross Income ($1,000s) 22 Itemized Deductions ($1,000s) 9.6 27 9.6 32 10.1 48 11.1 65 11.5 85 120 19.7 23.5 (a) Develop a scatter diagram for these data with adjusted gross income as the independent variable. 30 25 20 15 • 10 5 Itemized Deductions ($1,000s) 0 20 40 60 80 100 120 Adjusted Gross Income ($1,000s) 140 30 25 20 15 10 5. Itemized Deductions ($1,000s) 30 25 20 15 10 • 15 • 10 5- 0 20 40 60 80 100 120 140 0 Adjusted Gross Income ($1,000s) 20 40 60 80 100…
a pollster wnats to minimize the effect the order of the questions has on a person's response to a survey. how many different surveys are required to cover all possible arrangements if there are 9 questions on the survey?
. In 2010, of a total of 67,000 rooms on the Las Vegas Strip, Caesars Entertainment managed 22,880, while MGM Resorts managed over 12,000. However, owing to the Great Recession and new hotel openings, between 2008 and 2010, MGM's hotel occupancy decreased from 92% to 89%, while its average daily room rate fell from $148 to $108. Meanwhile, CityCenter, managed by MGM Resorts, and the Cosmopolitan opened with 4,000 and 3,000 rooms respectively, and the 1,720-room Sahara closed. (Sources: Caesars Entertainment Corp., Annual Report 2010; MGM Resorts, Annual Report 2010; "Sahara's closure on May 16 will mark `the end of an era'," Las Vegas Sun, March 11, 2011.) (a) Using a suitable figure, explain how the opening of CityCenter and the Cosmopolitan affects the residual demand for an existing hotel and how it should adjust prices. (b) If MGM Resorts had not reduced its room rates, what would have been the effect on occupancy? (c) Use the Cournot model to explain…
Elaine is interested in determining if men are more satisfied in their jobs than women in the healthcare industry. She administers a job satisfaction questionnaire to 20 men and 20 women working in hospital administration. Her grouping variable is gender and dependent variable is job satisfaction. The job satisfaction scale consists of 8 items measured using a 5-point rating scale. A higher score on this scale would indicate high job satisfaction. The maximum score that can be obtained on the scale is 40. We can assume that job satisfaction scores are normally distributed. Use the appropriate T test with a significance level of 0.05 to test the hypothesis. Research Question Do the mean job satisfaction scores differ for men and women working in the hospital administration department? Hypothesis- The mean job satisfaction scores do not differ for men and women working in the hospital administration department. Write a Results section based on your analysis. Interpret results of…
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The Conch Café, located in Gulf Shores, Alabama, features casual lunches with a great view of the Gulf of Mexico. To accommodate the increase in business during the summer vacation season, Fuzzy Conch, the owner, hires a large number of servers as seasonal help. When he interviews a prospective server, he would like to provide data on the amount a server can earn in tips. He believes that the amount of the bill and the number of diners are both related to the amount of the tip. He gathered the following sample information. Customer Amount of Tip Amount of Bill Number of Diners Customer Amount of Tip Amount of Bill Number of Diners 1 $ 7.00 $ 48.97 5 16 $ 3.30 $ 23.59 2 2 4.50 28.23 4 17 3.50 22.30 2 3 1.00 10.65 1 18 3.25 32.00 2 4 2.40 19.82 3 19 5.40 50.02 4 5 5.00 28.62 3 20 2.25 17.60 3 6 4.25 24.83 2 21 5.50 44.47 4 7 0.50 6.24 1 22 3.00 20.27 2…

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